{"id":236,"date":"2021-08-25T22:07:17","date_gmt":"2021-08-25T20:07:17","guid":{"rendered":"https:\/\/cloudcounting.uk\/vat\/"},"modified":"2021-09-21T20:22:09","modified_gmt":"2021-09-21T18:22:09","slug":"vat","status":"publish","type":"page","link":"https:\/\/cloudcounting.uk\/en\/offer\/vat\/","title":{"rendered":"VAT"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><strong>VAT \u2013 who must register?<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The majority of entrepreneurs who start their business in the UK <strong>don\u2019t have to register for VAT straightaway<\/strong>. Whether it is worth registering at this point is determined mainly by the services your company provides and also by your clients.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Generally, there are three specific factors which determine when it is mandatory to register for VAT:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>An entrepreneur who owns a UK business exceeds a turnover of \u00a385,000 in 12 months.<\/li><li>You expect to exceed a turnover of \u00a385,000 within the next 30 days.<\/li><li>You take over a company which is already registered for VAT, and you plan to continue its activity.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">After fulfilling at least one of these criteria, a business owner has a maximum of 30 days to register for VAT.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Advantages and disadvantages of registering for VAT<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Even though registering for VAT is <strong>optiona<\/strong>l for a lot of businesses, it can bring a range of benefits. If you have a lot of company expenses which are recorded on VAT invoices, tax deductions will be able to generate <strong>extra savings<\/strong>. Additionally, large companies are often <strong>more likely to use the services of VAT-registered businesses<\/strong> because of this possibility of deducting tax and saving money.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, registering for VAT also means an <strong>added responsibility<\/strong>. When paying this tax, a business owner has to send <strong>VAT invoices<\/strong> to HMRC, usually every quarter. Also, this form of tax usually isn\u2019t beneficial when your business provides services mostly to individuals, rather than companies.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Is it worth registering for VAT?<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Whether it is worthwhile to voluntarily register for VAT depends on many factors, e.g. who your contractors are and what your company purchases are. If you are unsure whether this is the right choice for you, get in touch with us, and <strong>we will answer your every question!<\/strong> Are you already VAT -registered and looking for someone to look after your accounts? <strong>We will be happy to help with this too!<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here is what we can offer:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>advice on registering for VAT,<\/li><li>registering for VAT,<\/li><li>keeping VAT records in accordance with MTD (Making Tax Digital),<\/li><li>submitting legal reports and statements,<\/li><li>unregistering for VAT.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Why choose us?<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">With us, you will always get <strong>trustworthy and expert advice<\/strong>. Regardless of whether you are starting up a business in Great Britain, or whether your company has been on the market for years, we will always be happy to help you, and we will arrange everything so that you can reap <strong>as many financial benefits as possible<\/strong>. We are at your disposal every working day from 9am to 5pm.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">When choosing our services, you always know what you will be getting. <strong>We never beat around the bush<\/strong>, and <strong>we inform you about every step we plan to take<\/strong>. You are given the price of a service before it is carried out, thanks to which <strong>you don\u2019t have to worry about any hidden costs.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>VAT \u2013 who must register? The majority of entrepreneurs who start their business in the UK don\u2019t have to register for VAT straightaway. Whether it is worth registering at this point is determined mainly by the services your company provides and also by your clients. Generally, there are three specific factors which determine when it [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":246,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-single-offer.php","meta":{"footnotes":""},"class_list":["post-236","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/cloudcounting.uk\/en\/wp-json\/wp\/v2\/pages\/236","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cloudcounting.uk\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/cloudcounting.uk\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/cloudcounting.uk\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/cloudcounting.uk\/en\/wp-json\/wp\/v2\/comments?post=236"}],"version-history":[{"count":2,"href":"https:\/\/cloudcounting.uk\/en\/wp-json\/wp\/v2\/pages\/236\/revisions"}],"predecessor-version":[{"id":267,"href":"https:\/\/cloudcounting.uk\/en\/wp-json\/wp\/v2\/pages\/236\/revisions\/267"}],"up":[{"embeddable":true,"href":"https:\/\/cloudcounting.uk\/en\/wp-json\/wp\/v2\/pages\/246"}],"wp:attachment":[{"href":"https:\/\/cloudcounting.uk\/en\/wp-json\/wp\/v2\/media?parent=236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}